Walmart Inc (WMT)
Total asset turnover
| Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 648,125,000 | 638,785,000 | 630,794,000 | 622,021,000 | 611,289,000 | 600,112,000 | 587,824,000 | 576,013,000 | 572,754,000 | 571,962,000 | 566,145,000 | 562,839,000 | 559,151,000 | 548,743,000 | 542,026,000 | 534,661,000 | 523,964,000 | 521,086,000 | 517,989,000 | 515,640,000 |
| Total assets | US$ in thousands | 252,399,000 | 259,174,000 | 255,121,000 | 245,053,000 | 243,197,000 | 247,656,000 | 247,199,000 | 246,142,000 | 244,860,000 | 244,851,000 | 238,552,000 | 236,581,000 | 252,496,000 | 250,863,000 | 237,382,000 | 232,892,000 | 236,495,000 | 239,830,000 | 234,861,000 | 234,544,000 |
| Total asset turnover | 2.57 | 2.46 | 2.47 | 2.54 | 2.51 | 2.42 | 2.38 | 2.34 | 2.34 | 2.34 | 2.37 | 2.38 | 2.21 | 2.19 | 2.28 | 2.30 | 2.22 | 2.17 | 2.21 | 2.20 |
January 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $648,125,000K ÷ $252,399,000K
= 2.57
Total asset turnover is a key financial ratio that indicates how efficiently a company is utilizing its assets to generate revenue. It is calculated by dividing net sales by average total assets. A higher total asset turnover ratio signifies that the company is generating more revenue per dollar of assets.
Analyzing Walmart Inc's total asset turnover over the past few quarters, we can observe fluctuations in the ratio. The ratio has ranged from 2.17 to 2.57 over the past 20 quarters. Generally, Walmart's total asset turnover has been relatively consistent, hovering around the 2.30 mark. This suggests that Walmart is efficiently utilizing its assets to generate sales revenue.
The highest total asset turnover ratio of 2.57 was observed in January 2024, indicating that for every dollar of assets, Walmart generated $2.57 of sales. On the other hand, the lowest ratio of 2.17 occurred in October 2019. It is essential to note that the total asset turnover ratio can be influenced by various factors, including inventory management, pricing strategies, and operational efficiency.
Overall, the trend in Walmart's total asset turnover indicates that the company has been effectively managing its assets to drive revenue growth. However, close monitoring of this ratio is crucial to ensure continued efficiency in asset utilization.
Peer comparison
Jan 31, 2024